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Oct 4, 2012
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an aggressive mitt romney comes out swinging in his first debate with president obama. the two men sparring over how to fix the u.s. economy. waiting on spain, the ecb expected to hold steady on rates as central bankers meet today. country's president tells cnbc that europe's policymakers must remain focused. and madrid sees solid demand and yields coming down as the finance minister heads to london to raise funds for the country's bad banks. if you're just tuning in, thanks very much for coming along. ross will be back tomorrow. but i'm here for the next 30 minutes to run you through what's going on on the markets around the world. let's start off by looking ahead to the start of the u.s. equity trade. expecting markets to open a little higher. fmoc minutes coming out later. and on this side of the world urks t the ecb and boe with their decisions, as well. just a few points higher. and let's look at some other market action and see exactly what's happening. the global 300 just ticking slightly higher. it's come off the highs of a little earlier, but just about hanging
an aggressive mitt romney comes out swinging in his first debate with president obama. the two men sparring over how to fix the u.s. economy. waiting on spain, the ecb expected to hold steady on rates as central bankers meet today. country's president tells cnbc that europe's policymakers must remain focused. and madrid sees solid demand and yields coming down as the finance minister heads to london to raise funds for the country's bad banks. if you're just tuning in, thanks very much for...
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Oct 5, 2012
10/12
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mitt romney shot at funding pbs at wednesday's debate. >> today, president obama took it on as well. >> for all you moms and kids out there, don't worry, somebody is finally getting tough on big bird. rounding him up. elmo's got to watch out too. governor romney plans to let wall street run wild again, but he's going to bring down the hammer on "sesame street." >> i know everybody wants to be sympathetic to big bird and to "sesame street." i love the product. it was started the year i was born. >> thanks, bring that up. >> why does taxpayer money need to go to a product that is clearly so profitable? they have toys. they have games. they make money from licensing and revenue. why do taxpayers have to subsidize that? as a stand alone business, "sesame street" will do just fine. >> doesn't the profit from all those toys go to the nonprofit group? there's a children's television workshop that gets the money. >> they nonprofit, so why does taxpayer money subsidize a nonprofit? >> you can make an argument easily that helping a start-up organization like that 40 years ago, look at the good
mitt romney shot at funding pbs at wednesday's debate. >> today, president obama took it on as well. >> for all you moms and kids out there, don't worry, somebody is finally getting tough on big bird. rounding him up. elmo's got to watch out too. governor romney plans to let wall street run wild again, but he's going to bring down the hammer on "sesame street." >> i know everybody wants to be sympathetic to big bird and to "sesame street." i love the...
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Oct 4, 2012
10/12
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the reviews are in for last night's presidential debate. not so good for barack obama. definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far today, but president obama hosted a rally in colorado today, giving him a chance to have almost a do over from last night's performance. take a listen. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> and bill, the battle continues now. in the battleground states, we're going to see both
the reviews are in for last night's presidential debate. not so good for barack obama. definitely good for mitt romney. a lot of folks concluding that romney had one of the stronger debate performances last night in presidential debating history, at least in recent memory. that's not good news for the president. you can tell how both these campaigns feel about their performance last night based on what they're doing today. we have not seen mitt romney out in front of television cameras so far...
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Mar 30, 2012
03/12
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care was being debated in the supreme court. so what's behind the move? joe is still with us. he has answers on that. we were talking about this during the break. is it a little bit too early to start reading in to the comments and trading the health care stocks on these moves? we won't get a final decision until june. >> people will always try to read the tea leaves of whatever little question seems to suggest that whichever justice will vote which way. no one knows how ultimately they're going to rule. i think on tuesday, the stocks really got hit when it looked like obamacare really had a bad day, specifically the individual mandate. and the great thing about the individual mandate for insurers, it's a lot more healthy customers in particular the young people who don't typically buy insurance. i think after wednesday's session, looked like perhaps that if the supreme court is going to throw out the mandate, it might throw out a bunch of other stuff, maybe the whole thing, including the requirement that insurers take on people
care was being debated in the supreme court. so what's behind the move? joe is still with us. he has answers on that. we were talking about this during the break. is it a little bit too early to start reading in to the comments and trading the health care stocks on these moves? we won't get a final decision until june. >> people will always try to read the tea leaves of whatever little question seems to suggest that whichever justice will vote which way. no one knows how ultimately...
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Oct 11, 2012
10/12
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can't afford another four years of president obama and the debate comes as a new poll shows the president and romney are neck and neck in two swing states, virginia and florida to see you obama still has a small lead in ohio to see you. >> so while the latest polls may show a tight race, there's another one that some folks think is more important, yes, it is the 7-eleven indicator to see you it's selling coffee in democrat blue cups with obama's face and republican red featuring romney to see you the tally shows customers favor obama by 60/40 margin to see you the 7-eleven indicator has correctly predicted the winner of the last three u.s. elections to see you. >> i'm not sure that's a huge sample set to see you. >> have they only run it in three elections? >> good question to see you what's interesting, jetblue for its part is also getting in on the presidential election saying that if your candidate doesn't win, it will pay for you to fly -- >> interesting the colors in the uk are the other way around to see you. >> isn't it? we need to discuss this to see you but, yes, i don't know --
can't afford another four years of president obama and the debate comes as a new poll shows the president and romney are neck and neck in two swing states, virginia and florida to see you obama still has a small lead in ohio to see you. >> so while the latest polls may show a tight race, there's another one that some folks think is more important, yes, it is the 7-eleven indicator to see you it's selling coffee in democrat blue cups with obama's face and republican red featuring romney to...
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Oct 1, 2012
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president obama continues to maintain his lead over mitt romney with two days before their first debate and 35 days before the election. new poll shows 49% of likely voters favoring the president versus 47% for romney. amongst all registered voter, obama holds a 5 point lead. but 52% of likely voters across key swing states favor the president. you'll be able to get full coverage of wedding who's presidential debate right here on cnbc, it starts at 8:00 p.m. eastern. a july says the rules set to go into effect october 12th won't properly justified by the cftc, the rules would cap the size of positions trading firms can take in certain commodity contracts and expand restrictions to swaps trade. meanwhile nokia has another big customer. the "wall street journal" says the company is going to unveil a deal with oracle take. the company's oracle world conference in san francisco. nokia's recently signed deals as well with groupon and amazon which dropped google maps. shares up marginally this morning julia got to a chance to sit down with sheryl sandberg. so tune in for that interview. share
president obama continues to maintain his lead over mitt romney with two days before their first debate and 35 days before the election. new poll shows 49% of likely voters favoring the president versus 47% for romney. amongst all registered voter, obama holds a 5 point lead. but 52% of likely voters across key swing states favor the president. you'll be able to get full coverage of wedding who's presidential debate right here on cnbc, it starts at 8:00 p.m. eastern. a july says the rules set...
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Jan 27, 2012
01/12
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governor romney and barack obama are both right on this issue. the other republicans are not. look for names like becht and dickinson and allscripps to do well. look for another major technological upgrade in our warfare and weaponry. for those reasons we like general dynamics. >> i'll stay on the theme with a question about, you obviously are campaign finance chair for mitt romney. as you see according to a "wall street journal"/nbc poll, romney trails newt gingrich. for someone who had seemingly all the momentum getting the nomination, how does romney find himself in this position and how does he regain the top spot? >> i think the governor's got great administrative skills. he's a great leader. he's got a fantastic organization. i have to see speaker gingrich is probably a better debater. he's more bombastic. you can see from speaker fwrich's career and i think people when they get into the voting booth down there, hopefully they'll look at those two guys and go with a guy that is an amazing leader and effective human being as it relates to organizational skills and making
governor romney and barack obama are both right on this issue. the other republicans are not. look for names like becht and dickinson and allscripps to do well. look for another major technological upgrade in our warfare and weaponry. for those reasons we like general dynamics. >> i'll stay on the theme with a question about, you obviously are campaign finance chair for mitt romney. as you see according to a "wall street journal"/nbc poll, romney trails newt gingrich. for...
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Sep 6, 2012
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what obama gets is he's obviously had the job for four years and he knows the stuff inside out and is good on policy. >> i guess it's always been like this, howard, but i look at the mail that comes in from both sides. never seen them so divided and so sure of themselves on both sides. >> no coming around. >> so hateful of the other side. it's really -- i don't know what's going to happen no matter who gets elected. how we deal with the rift. >> my theory is when the new generation takes power, that will be betterment the under 35s don't put up with this kind of talk. our generation just wants to fight the culture wars to the death. i think it's not so great for the country. >> at least we come together once in a while. >> yes, we do. >> thanks, governor. see ya later. >>> why mark faber says european stocks could correct up to 20%. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right a
what obama gets is he's obviously had the job for four years and he knows the stuff inside out and is good on policy. >> i guess it's always been like this, howard, but i look at the mail that comes in from both sides. never seen them so divided and so sure of themselves on both sides. >> no coming around. >> so hateful of the other side. it's really -- i don't know what's going to happen no matter who gets elected. how we deal with the rift. >> my theory is when the new...
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Oct 8, 2012
10/12
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can't debate, so change numbers. obama administration says it's ludicrous, but he stood by the remarks when he appeared on the kudlow report friday night. >> today the president was out on the stump and he didn't talk about 600,000 government workers added in the last two months. the largest number since the study's been done since 1948. he didn't talk about what you just talked about, 600,000 temporary. he talked about 7.8 for ate hours today. okay? 7.8. let's talk about how we get the 7.8. this election is too important to let one number that might be corrected next month determine the drought cooutcome of the el. >> joining us is david sim mons and lena is still with us. either of you got any sympathy with that view? >> not particularly. they're not going to be swayed one way are on yor the other by politics. the two don't always have to move in line with one another. so it's a hard art to make that it's been politically manipulated especially when the nonfarm payroll number was not 13 spectacular. >> speaking bef
can't debate, so change numbers. obama administration says it's ludicrous, but he stood by the remarks when he appeared on the kudlow report friday night. >> today the president was out on the stump and he didn't talk about 600,000 government workers added in the last two months. the largest number since the study's been done since 1948. he didn't talk about what you just talked about, 600,000 temporary. he talked about 7.8 for ate hours today. okay? 7.8. let's talk about how we get the...
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Sep 21, 2012
09/12
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mitt romney is, talking about how president obama wasn't in the last campaign. and so they're already setting expectations for romney to do really well and in a even ups the ante further for the performance of governor romney. >> how much is the fact that the economic data hasn't got a lot better, but the stock market has rallied. how much is that going to help the president? >> well, we've seen in the last nbc "wall street journal" poll earlier this week that there is a sense of renewed optimism in the economy for the president obama. it's slight, but trend lines are very important in these campaigns and for the president, this is a good time for him to be catching some good economic news here in the u.s. >> we do have 48 days here and the poll is starting to look at these swing states in particular. what to you is going to be the most important place to watch for as a gauge really as we head into the final stretch? >> i look at three places. ohio. no republican has won the white house in modern history without also carrying ohio. i look at iowa, too. and i saw
mitt romney is, talking about how president obama wasn't in the last campaign. and so they're already setting expectations for romney to do really well and in a even ups the ante further for the performance of governor romney. >> how much is the fact that the economic data hasn't got a lot better, but the stock market has rallied. how much is that going to help the president? >> well, we've seen in the last nbc "wall street journal" poll earlier this week that there is a...
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Sep 19, 2012
09/12
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" poll finds president obama widening his lead over mitt romney. >>> japan central bank follows in the fed's footsteps. it's pulled the trigger on more easing, sent equities higher in the process. >> at the bank of england, some policymakers see the case for further stimulus even as the outlook for inflation picks up in the near term. >>> and it's a changing of the old guard at goldman sachs. the leader has decided to step down. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >> let's start with the u.s. and work our way back. futures for the most part are pointed higher. the dow is poised to add about 40 points. the nasdaq and s&p 500 are poised to open a little bit higher as well. this follows overnight trading in which we've seen asian equities pick up largely on the back of the bank of japan. surprisingly large quantitative easing measures. the ftse is up one tenth of a percent. the mood from that policy hasn't really kicked over into strong gains across the european session. if we take a look at what's happening with those forces for the
" poll finds president obama widening his lead over mitt romney. >>> japan central bank follows in the fed's footsteps. it's pulled the trigger on more easing, sent equities higher in the process. >> at the bank of england, some policymakers see the case for further stimulus even as the outlook for inflation picks up in the near term. >>> and it's a changing of the old guard at goldman sachs. the leader has decided to step down. >>> you're watching...
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Aug 31, 2012
08/12
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then after that, it's the start of the presidential debates, romney and obama squaring off on october 3rd in denver. vps are up next they go head-to-head in danville, kentucky on the 11th of october and followed by another presidential debate on the 16th in new york. and then a final turn on the floor for obama and romney on october the 22nd, in boca raton, florida. ahead of the general election on november 6th. still to come on today's program, how investors are going to react? will they be disappointed when they hear from ben bernanke? we'll be out to jackson hole right after this. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> okay. we'll be out the jackson hole wyoming in a few minutes. before that, unemployment in the eurozone has reached an all time high. highest level since reco
then after that, it's the start of the presidential debates, romney and obama squaring off on october 3rd in denver. vps are up next they go head-to-head in danville, kentucky on the 11th of october and followed by another presidential debate on the 16th in new york. and then a final turn on the floor for obama and romney on october the 22nd, in boca raton, florida. ahead of the general election on november 6th. still to come on today's program, how investors are going to react? will they be...
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Sep 6, 2012
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what we're seeing so far is we have the best defense they can make of the obama administration at this point. >> what's interesting, tony, is republicans have managed to clearly shape the debate about whether americans are better now than they were four years ago. do you think the democrats can mount a strong defense on that point? >> they're certainly trying. they keep tripping up though with some of the platform issues that they've had here, you know, the kerfluffel was the removal of god and putting it back in. that tripped them up until they got to president clinton's speech. the changing of the venue here has taken up a lot of the communication efforts here. i think rhetorically it's been more of a defense of the effort that the obama administration has done to try to improve the economy, less about the specifics on what they would do going forward to create jobs and growth absent stimulus plans. >> tony, what do you think the president needs to say tonight to appeal to his base but also to those independent americans that may be tuning in? >> i really think it is that vision for
what we're seeing so far is we have the best defense they can make of the obama administration at this point. >> what's interesting, tony, is republicans have managed to clearly shape the debate about whether americans are better now than they were four years ago. do you think the democrats can mount a strong defense on that point? >> they're certainly trying. they keep tripping up though with some of the platform issues that they've had here, you know, the kerfluffel was the...
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Sep 26, 2012
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president obama is a formidable debater and has a lot of great experience and a wonderful speaker so we'll go in there prepared and i think we feel really good about where we are right now >> nice job managing expectations. look foward to wednesday night. let's get to the cme in chicago and rick santelli and the san telly exchange. surprising facts about bain capital's beneficiaries. >> yes. viewers, listeners, you now have a clue. we'll indirectly talk about bain capital. before we go there we'll talk about private he can it i in general and the tax code. bain has been vilified and to some extent maybe the entire private equity business has been vilified a bit and what is at the epicenter is a bit convoluted. it is about tax code. the tax code is horrible. being in the gray in tax code is what businesses do, what accounting firms do. that's just the way it is. if people don't like the behavior of navigating through something so crazy they ought to change it. to the end there was an article written by d. roy murdoch called look at who parks their cash at bain. when with i read this,
president obama is a formidable debater and has a lot of great experience and a wonderful speaker so we'll go in there prepared and i think we feel really good about where we are right now >> nice job managing expectations. look foward to wednesday night. let's get to the cme in chicago and rick santelli and the san telly exchange. surprising facts about bain capital's beneficiaries. >> yes. viewers, listeners, you now have a clue. we'll indirectly talk about bain capital. before we...
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Oct 4, 2012
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. >> now let me give you a bottom line on the debate. first of all, you had a huge shot of energy in the republican camp in the romney campaign. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this
. >> now let me give you a bottom line on the debate. first of all, you had a huge shot of energy in the republican camp in the romney campaign. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been...
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May 21, 2012
05/12
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. >> you think obama is the likely -- >> i hope it does. >> is the likely winner? >> i am a great believer that we've had a lot of debate on diversionary nonsense. the debate that should be in the american populist today at the kitchen table, are we better off than we were four years ago? is there a plan to solve these problems? >> we are losing -- i'm trying to remember axelrod's -- the republicans drove the car into the ditch, you want to give them the keys back? we were losing 750,000 jobs a month, now we're getting 200. >> he sounds like a perfect candidate for "mad men" with some of those lines he's offering. where the are solutions on debt, definite and unemployment? i haven't seen them. >> he tried with boehner to get to the grand bargain and once this fell through, he realized the republicans were not going to give up anything on their side and therefore he went into election mode at that point. >> let's put a pox on both sides of the aisle -- >> how do you put a pox on someone? >> you can. it's a following. >> you talk to someone? >> it's a following. if t
. >> you think obama is the likely -- >> i hope it does. >> is the likely winner? >> i am a great believer that we've had a lot of debate on diversionary nonsense. the debate that should be in the american populist today at the kitchen table, are we better off than we were four years ago? is there a plan to solve these problems? >> we are losing -- i'm trying to remember axelrod's -- the republicans drove the car into the ditch, you want to give them the keys back?...
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Sep 18, 2012
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look, he is behind president obama, he needs to make up ground, but not terribly far behind. he still could win this race and debates coming up in a few weeks are an opportunity for him to make headway. >> and a bit of money advantage too. the ad war is still going on. john, thanks a lot. interesting story. john harwood joining us from washington. >>> meantime, special edition of the santelli exchange today as you may know, rick is joined on the floor of the cme by our own gary. >> good morning. >> good morning. >> gary and i have been writing down questions, we had people write down some questions, sometimes uncomfortable questions are easier to deal with in kind of a flash bash, and we're having our bash right now. so, i guess, gary, why don't you start us out with a question? >> here you go, rick. entitlements alter voting practices, true or false? >> i think true. obviously this question is in the context of what john harwood just talked about, i didn't listen to the tape, i don't know if it was spoken eloquently or spoken in a way that wasn't pretty. but in the end, i do
look, he is behind president obama, he needs to make up ground, but not terribly far behind. he still could win this race and debates coming up in a few weeks are an opportunity for him to make headway. >> and a bit of money advantage too. the ad war is still going on. john, thanks a lot. interesting story. john harwood joining us from washington. >>> meantime, special edition of the santelli exchange today as you may know, rick is joined on the floor of the cme by our own gary....
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Feb 29, 2012
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that of course was our president, barack obama. so i suggest to the ranking member, when convenient, he first debate the president on the subject before he debates us. and i would ask this simply, mr. chairman, even if we cut the pentagon by 25%, make it 50%, have we solved the long-term structural debt crisis in our nation? yes, that's to you. >> you refer specifically to health care an area where costs have been going up faster than gdp. the output of the health care industry is not that market edly better than other countries. not only for fiscal issues but private sector productivity it's an important issue to address. as a matter of arithmetic, it's true over time an increasing share of the totally outlays will be going to medicare, medicaid and it's important to address that. >> page 7 of your testimony, in dealing with your dual mandate, you say the maximum level of employment in an economy is largely determined by nonmonetary factors. my remaining time, i want to pursue this theme, i certainly agree with the assessment, but
that of course was our president, barack obama. so i suggest to the ranking member, when convenient, he first debate the president on the subject before he debates us. and i would ask this simply, mr. chairman, even if we cut the pentagon by 25%, make it 50%, have we solved the long-term structural debt crisis in our nation? yes, that's to you. >> you refer specifically to health care an area where costs have been going up faster than gdp. the output of the health care industry is not...
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Nov 8, 2012
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obviously obama care will be the law of the land. there are higher taxes that kick in but questions about what needs to happen with some of the doctor payments and such. >> well, i think one of the big issues is that we have to get the exchanges up and running for january 1st, 2014, to start the insurance for everyone, that is a big challenge. many states have kicked the can down the road and the federal government has to step in. the big issue for payment and for cost control is going to be making changes in how we pay doctors and incentivizing hospitals and doctors to keep people healthy, and to actually get out there and make sure that the people with chronic illness don't fall between the cracks and to increase coordination of care, and as i've been saying around the country, the main issue there is getting off the fee-for-service payment system and encouraging doctors and hospitals and others to reengineer how they deliver care. that is going to be the key issue over the next eight years. >> that's going to be a tricky transitio
obviously obama care will be the law of the land. there are higher taxes that kick in but questions about what needs to happen with some of the doctor payments and such. >> well, i think one of the big issues is that we have to get the exchanges up and running for january 1st, 2014, to start the insurance for everyone, that is a big challenge. many states have kicked the can down the road and the federal government has to step in. the big issue for payment and for cost control is going to...
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Aug 31, 2012
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going into the debates which will only be a couple weeks away. >> and that is where the real action will be a lot of people argue. your job at hill is to frame reality, right? they can be looked at through many different prisms. what if the next couple of jobs numbers are good? if you're in the meeting with the romney guys, how do you explain that? >> i think it is going to be trickier for president obama because they're not herald going 8.1 to 7.9. it is still going to be a bad situation. i think the opportunity for the romney campaign, still over 20 million americans still looking for work. i think the economic picture will be one and when the statistics come out and the reports come out, the public is still not going to feel those effects. this was the dilemma that bush 41 felt in 1992, even if there is a slight imperical change for the better in the numbers, the mood of the country is we're not headed in the right direction from an economic perspective and it will play to romney's hands and even if there are improvements and talking about the economy and unemployment, it is a good da
going into the debates which will only be a couple weeks away. >> and that is where the real action will be a lot of people argue. your job at hill is to frame reality, right? they can be looked at through many different prisms. what if the next couple of jobs numbers are good? if you're in the meeting with the romney guys, how do you explain that? >> i think it is going to be trickier for president obama because they're not herald going 8.1 to 7.9. it is still going to be a bad...
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Feb 15, 2012
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i get there's nothing that frustrates me more than the tax debate. because i've studied the tax system. and there's no doubt we need more tax revenues. of course we need more tax revenues, they're 15% of gdp now, they've averaged more than 18% for 40 years. but the issue shouldn't be what do we do with this rate or that rate. the question should be, what form of taxes will give us the revenues we need and let us be competitive and create jobs and give us economic growth. that's what we need. and no one would argue that the current system does it. we need a new system. and you know, i've been for a system where we would eliminate the deductions and all the distortions and the special spending programs that are part of the tax code. and lower the rates. and have something that will, will let us be competitive in today's world. >> final question. timothy geithner has signaled he's going to be stepping down, whether obama wins or not in the next election cycle. who would you like to see or what kind of person, given the economy and the state of the world
i get there's nothing that frustrates me more than the tax debate. because i've studied the tax system. and there's no doubt we need more tax revenues. of course we need more tax revenues, they're 15% of gdp now, they've averaged more than 18% for 40 years. but the issue shouldn't be what do we do with this rate or that rate. the question should be, what form of taxes will give us the revenues we need and let us be competitive and create jobs and give us economic growth. that's what we need....
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Sep 5, 2012
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if everyone paid their employees the way costco does we might not have a debate about health care in this country. but that said, i'm sure you have run some numbers as to what obama care will cost costco over the next 10 to 15 years. i assume it's an ink krecrement increase in costs no? >> there will be an incremental increase in costs but we think it's something we can live with and that we can adjust to. but we're -- we already have a very rich plan that you alluded to just a few seconds ago. so it's not going to be a significant hit for us. >> final question here, jim. separate from politics we've been watching the comps out of costco lately. i know you're not running the ship day to day. but august was good. the rest of the summer not so good. what do you see for the fall? >> well, you know, at the moment we're reasonably optimistic for the fall and talking to people over at the home office there we think that we're going to have a reasonably good fall. we were pleased with the august numbers and in truth if you look back over the past six or seven months the comps have been pret
if everyone paid their employees the way costco does we might not have a debate about health care in this country. but that said, i'm sure you have run some numbers as to what obama care will cost costco over the next 10 to 15 years. i assume it's an ink krecrement increase in costs no? >> there will be an incremental increase in costs but we think it's something we can live with and that we can adjust to. but we're -- we already have a very rich plan that you alluded to just a few...
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Sep 10, 2012
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the debates are an opportunity for mitt romney to do that. that may be his last big opportunity, guys. >> why do we think that's happened, john? >> reporter: i think the reason it happened was republicans had some setbacks at their convention. clint eastwood. that sort of thing. secondly, the fact that the democrats had their convention immediately after the republicans let them step on romney's bounce. he did get an initial bounce of a couple of points. then you have the democratic convention. spectacular performances by michelle obama and bill clinton. president obama got less stellar reviews, but still a solid speech. the totality of that message, when you had romney, his goal was to make people like him better. obama was to try to address the sense of disappointment many people have. from these initial numbers, they could fade back, it looks like he's done that. at least a little bit. >> john, both of these polls were done after the jobs report on friday? >> reporter: the gallup poll, melissa, is a seven-day tracking poll. so it had resul
the debates are an opportunity for mitt romney to do that. that may be his last big opportunity, guys. >> why do we think that's happened, john? >> reporter: i think the reason it happened was republicans had some setbacks at their convention. clint eastwood. that sort of thing. secondly, the fact that the democrats had their convention immediately after the republicans let them step on romney's bounce. he did get an initial bounce of a couple of points. then you have the democratic...
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Aug 28, 2012
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the obama is not seeking to have states gut the work requirement. he is giving them flexibility which they asked for including republican governors, and so you get a lot of debate about why are they putting anthony ad if it's fundamentally not true. >> but then again there's a lot of nuance here. i looked into it. i read a lot of pieces on it. even political scientist, new york university said it doesn't obviously single-handedly cripple the work requirement but in his word it has opened the door to changes in welfare reform that could destroy it from within. another says you have to assume that bureaucrats, the intention is stated that it's not to change work requirements but gives bureaucrats the leeway to do just about anything they want to do. >> reporter: you can make the requirement it will result in anything. >> again -- >> reporter: remember governors including romney have sought flexibility from some of the restrictions of the law themselves. >> i'll ask trump about this. chris is mad about that throwaway line about being born in mulch and
the obama is not seeking to have states gut the work requirement. he is giving them flexibility which they asked for including republican governors, and so you get a lot of debate about why are they putting anthony ad if it's fundamentally not true. >> but then again there's a lot of nuance here. i looked into it. i read a lot of pieces on it. even political scientist, new york university said it doesn't obviously single-handedly cripple the work requirement but in his word it has opened...
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Aug 6, 2012
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it is unfortunate with all that is going on, that's where the debate is right now. >> it depends on how far you want to go back, when there was bush fatigue there's no doubt about that, that sort offishered in the obama years but i don't know about underestimating the depth of the recession and focusing on obama care. that's what ushered in the tea party, the tea party at this point are the ones that the democratic side would say is so intransigent. i would say i wish the president had been more willing to go in and get his hands dirty with the leadership of both parties and say we have to do something. because it's been two years that we've been watching this, and others would say he didn't have a chance because the tea party is so intransigent you can't talk to these guys, so far out there. the tea party was almost spawned by the first two years of the way obama care was rammed down the country's throat, this unpopular bill they spent all that time on is, we were going above 10% in unemployment. am i wrong on that? >> i think there are a number of voters who say you're right. the hous
it is unfortunate with all that is going on, that's where the debate is right now. >> it depends on how far you want to go back, when there was bush fatigue there's no doubt about that, that sort offishered in the obama years but i don't know about underestimating the depth of the recession and focusing on obama care. that's what ushered in the tea party, the tea party at this point are the ones that the democratic side would say is so intransigent. i would say i wish the president had...